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closer to a tax and fiscal cliff fix? cnbc's own chief washington correspondent john harwood joins us now with all the details. good evening, john. >> reporter: good evening, laurie, and i think we are getting somewhat closer, and the white house would count it as good news that you found common cause with their report on the impact of fiscal spending. let's talk for a moment about what's happened on the fiscal cliff by the numbers since that early constructive meeting with the congressional leaders and the president. the numbers are all one. there's one month left for these leaders to figure it out. two, 1.4 it is is the amount to be shaved off by gdp and one is the amount of trillions of dollars that democratic aides, senior democratic aides tell me is necessary to get a deal wit end of the year with the remaining 3 trillion of savings coming in the early part of next year, ants finally one is the number of phone calls made over the weekend between president obama and house speaker john boehner so there hasn't been a lot of concrete progress, but there is total progress in terms of the
>> the worst week in you want to point fingers? point them at washington. good evening, everyone, this is "the kudlow report." >> the president urged both sides of the aisle to get america's fiscal house before we fall off the cliff 52 days from now. what if they're arguing about the difference between tax loopholes and marginal tax rates. that's the debate. >> you mark my words. there's no way that the entire tax hike would be allowed to take place. no way. in terms of investment strategy, it is ridiculous that we'll be facing this. why all of the bickering when it equates to just one quarter of 1% of gdp. all right, supply side art mentor will join us to discuss. >>> also tonight, a shocker, david petraeus quits in disgrace or was he forced out just days before he was to testify in front of congress over the benghazi embassy terror attack. will we ever get the real answers? was the threat of blackmail behind this? >> we begin this evening with the president pushing congress to come together right now and solve the fiscal cliff mess. let's give peace a chance. >> cnbc's chief wa
, will they have to buy more? does the central bank see it self as a safety net position if congress and washington are as irresponsibilit irresponsibilityable as they are? >> i do not see us as that safety net. if we keep violating that, then we have bad policy. there is a limit. we have to discuss what that limit is. i haven't been in favor of that. i have lost that argument. but we can't continue down the road of infinite expansion of policy. he gives these guys the position of what not to do. it has been the great enableler. >> we have done our duty. inflation right now is under control and expectations are under control. i'm fully confident in arguing that. the second mandate larry is we need to create the conditions for full employment and that is where we get into a deep trap where we go on forever. if we do -- >> let me ask you today. vice chair janet young. one of the things that she said. she believes based on various computer models that the target rate should be early 2016, that is the longest out there. what do you make of that? early 2016. each of us has an opinion. she is speaking fo
Search Results 0 to 2 of about 3